The Financial Times reported on September 30th that the European Commission has decided to open a formal investigation into whether Apple received illegal subsidies (“state aid,” in EU-speak) from Ireland…

…statement explaining that “federal courts and the Commission have previously found that broad strategic plans alone do not trigger this legal requirement [for an Advisory Opinion], although Commission leadership monitors…

…the PRC and its Commissioners may also be in danger. “PRC says DeJoy’s DFA has “failed miserably” and rejects his claim that the Commission is “unnecessary,” Save the Post Office…

…running for re-election on The Two Issues that Abide, The Deficit and Jobs. First, Deficit: We don’t, of course, have the data for the deficit at the end of this…

…is a recipe for disaster. IT WILL INCREASE THE DEFICIT. Consider Ireland as Exhibit A in this regard. Ireland began cutting back deficit spending in 2008, when its banking crisis…

…the economy recovers, tax revenue rises, the deficit automatically reduces. That’s the whole reason for engaging in deficit spending in the first place. Any projections that show the deficit continuing…

…House has summoned reporters well ahead of the official budget release to project a higher-than-anticipated deficit. In the past two years, when final deficit figures have come in at record…

…this deficit is, of course, due to trade with China. China alone accounts for $166bn of the $645bn deficit that the US has run so far this year. But the…

Is the Current Account Deficit Bad? A commenter over the weekend posed this important question, so I thought I’d take a stab at answering it. The Current Account (CA) deficit…

Trump on Our Trade Surplus/Deficit With Canada Menzie Chinn listens to the latest from Donald Trump so we don’t have to: And by the way, Canada? They negotiate tougher than…